Alice & Bob Research Puts Bitcoin Quantum Attack Estimate at 30,000 Qubits
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Quantum computing firm Alice & Bob says new research suggests 30,000 qubits could be enough to crack Bitcoin keys in about an hour.
Quantum computing company Alice & Bob says its researchers estimate that a quantum computer with 30,000 qubits could crack Bitcoin cryptographic keys in roughly one hour, according to Bitcoin.com News.
The company, which operates in Paris and Boston, announced the research on Thursday. Its findings suggest that attacking the cryptography used to protect Bitcoin could require substantially fewer quantum computing resources than earlier estimates indicated.
The research adds to concerns about Bitcoin’s long-term exposure to quantum attacks and the need to prepare for post-quantum security. The supplied report excerpt does not detail the study’s assumptions or establish when a machine capable of such an attack might be available.
Source: Bitcoin.com News
